Blackstone

Blackstone to take Apartment Income REIT private in $10 bln deal

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Asset manager Blackstone said on Monday it would take private rental housing firm Apartment Income REIT, known as AIR Communities, for $10 billion in cash, including debt. Under the deal, Blackstone will pay $39.12 for each share of the real estate investment trust, representing a premium of about 25% to its closing price on Friday. … Read more

Blackstone’s Aadhar Housing Finance targets $600-million IPO: Report

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Blackstone-owned Indian home loans provider Aadhar Housing Finance is targeting a $600 million-650 million initial public offering (IPO) at a valuation of up to $3 billion, two people with direct knowledge said on Tuesday. Private equity group Blackstone acquired Aadhar for about $300 million in 2019 as it bet on growing demand for affordable housing … Read more